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Registered User
Joined: 4/29/2012
Posts: 22
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Hi,
I would like to create a scan. What would the PCF for the following be please:
average daily volume over the trailing trading 20 days > 250,000
Price > $2.00
above VWAP (2min)
Within 1.5% of VWAP (2min)
Thank you!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You can do the first two items in TC2000 version 12.4 as a Condition Formula:
AVGV20.1 > 250000 AND C > 2
You can do the first three items in TC2000 version 12.4 by adding the indicators to the chart, adjusting the settings as desired and then clicking on those indicators to select Create Scan Condition.
Create Conditions from Your Chart
You could then add all three conditions to the same EasyScan. The EasyScan would only return symbols in the List to Scan of the EasyScan which meet the requirements of all of the EasyScan Conditions.
Building a Scan with Multiple Conditions
It is not possible to create a condition for price being within 1.5% of VWAP (although it would be possible to do so for a Moving VWAP).
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 4/29/2012
Posts: 22
|
QUOTE (Bruce_L)
You can do the first two items in TC2000 version 12.4 as a Condition Formula:
AVGV20.1 > 250000 AND C > 2
You can do the first three items in TC2000 version 12.4 by adding the indicators to the chart, adjusting the settings as desired and then clicking on those indicators to select Create Scan Condition.
Create Conditions from Your Chart
You could then add all three conditions to the same EasyScan. The EasyScan would only return symbols in the List to Scan of the EasyScan which meet the requirements of all of the EasyScan Conditions.
Building a Scan with Multiple Conditions
It is not possible to create a condition for price being within 1.5% of VWAP (although it would be possible to do so for a Moving VWAP).
Thank you, Bruce
I will do that
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Registered User
Joined: 4/29/2012
Posts: 22
|
QUOTE (Bruce_L)
You can do the first two items in TC2000 version 12.4 as a Condition Formula:
AVGV20.1 > 250000 AND C > 2
You can do the first three items in TC2000 version 12.4 by adding the indicators to the chart, adjusting the settings as desired and then clicking on those indicators to select Create Scan Condition.
Create Conditions from Your Chart
You could then add all three conditions to the same EasyScan. The EasyScan would only return symbols in the List to Scan of the EasyScan which meet the requirements of all of the EasyScan Conditions.
Building a Scan with Multiple Conditions
It is not possible to create a condition for price being within 1.5% of VWAP (although it would be possible to do so for a Moving VWAP).
Bruce, one last question please.
Can I create a condition for price being less than 3% above a 50 period moving average on a 2-min chart?
Thanks again
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
If you need price to be above the moving average by by less than 3%:
AVGC50 < C AND C < 1.03 * AVGC50
You would need to set the time frame of the Condition Formula to 2-Min when you create or edit the Condition Formula by using the Time Frame drop-down menu in the Edit Formula window. Note that you can do this for TC2000 version 12.4, but not in TC2000 version 7.
If you need price to just be less than 3% above the moving average (including being at or below the moving average), then you can ignore the first part of the Condition Formula given above:
C < 1.03 * AVGC50
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 4/29/2012
Posts: 22
|
QUOTE (Bruce_L)
If you need price to be above the moving average by by less than 3%:
AVGC50 < C AND C < 1.03 * AVGC50
You would need to set the time frame of the Condition Formula to 2-Min when you create or edit the Condition Formula by using the Time Frame drop-down menu in the Edit Formula window. Note that you can do this for TC2000 version 12.4, but not in TC2000 version 7.
If you need price to just be less than 3% above the moving average (including being at or below the moving average), then you can ignore the first part of the Condition Formula given above:
C < 1.03 * AVGC50
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
Thanks again!
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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